Royce & Associates LP grew its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,683 shares of the company's stock after acquiring an additional 138,700 shares during the period. Royce & Associates LP owned about 0.43% of Victory Capital worth $18,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC bought a new stake in shares of Victory Capital during the 3rd quarter valued at $918,000. Geode Capital Management LLC grew its position in shares of Victory Capital by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company's stock valued at $57,446,000 after acquiring an additional 101,247 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Victory Capital during the 3rd quarter valued at $565,000. Bank of Montreal Can grew its position in shares of Victory Capital by 282.0% during the 3rd quarter. Bank of Montreal Can now owns 43,453 shares of the company's stock valued at $2,412,000 after acquiring an additional 32,079 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Victory Capital during the 3rd quarter valued at $2,288,000. Institutional investors own 87.71% of the company's stock.
Victory Capital Price Performance
Shares of VCTR traded down $0.79 during midday trading on Thursday, hitting $60.25. 199,515 shares of the company traded hands, compared to its average volume of 372,495. The firm has a 50 day moving average of $63.99 and a 200-day moving average of $62.23. Victory Capital Holdings, Inc. has a 52 week low of $40.79 and a 52 week high of $73.42. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.
Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.
Victory Capital Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.12%. This is a boost from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital's dividend payout ratio is currently 43.02%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on VCTR shares. Morgan Stanley boosted their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. BMO Capital Markets upped their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. B. Riley reaffirmed a "neutral" rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Barclays upped their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Victory Capital has an average rating of "Hold" and an average target price of $68.33.
Get Our Latest Research Report on VCTR
About Victory Capital
(
Free Report)
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
Recommended Stories
Before you consider Victory Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victory Capital wasn't on the list.
While Victory Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
